NOT LISTED FOR SALE

393 Spruce Dr Spring City, TN 37381

Estimated Value: $75,000 - $186,000

2.2 Acres
$62,492 Price per Acre
95,832 Sq Ft Lot

Last Sold June 12, 2023

Last sale price $132,000

Est. 4% increase in value since last sale

Current estimated payment $748/month

211 Days on Market

Highlights

  • Lake Front
  • Wooded Lot
  • Lot Has A Rolling Slope
  • 2.2 Acre Lot
  • No HOA

About This Lot

As of June 2023

This is your chance to spend your time looking at the beautiful views provided by Watts Bar Lake. So if you're looking for property with a beautiful view and year around water, this is the property for you. Located equal distance of Knoxville and Chattanooga this rolling two plus acres is in the Lakewood Subdivision on Piney River which is a wide deep tributary off the main channel of Watts Bar Lake. There's no need to worry about wake wash from the large cruisers, it's peaceful here. Also, you will have a wonderful area to fish for large and small mouth bass, walleye, catfish and crappie. This property has a coveted TVA dock permit on file plus over 150 feet of of water frontage. The property is not a level lot but if you use your imagination there is a great building site halfway between shoreline and the road . Check it out and see what a difference living on the water can make

Last Agent to Sell the Property

Mark Dixon

Bender Realty License #331672 Listed on: 09/27/2022

Last Buyer's Agent

A NON-MEMBER

--NON-MEMBER OFFICE-- License #308195

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $451

Lot Details

  • 2.2 Acre Lot
  • Lot Dimensions are 154x524x59x111
  • Lake Front
  • Lot Has A Rolling Slope
  • Wooded Lot

Schools

  • Spring City Elementary And Middle School
  • Rhea County High School

Additional Features

  • Water Views
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lakewood Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038F B 016.00

Property Details

Property Type

Land

Est. Annual Taxes

$451

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 2.2
  • Lot Size: 154x524x59x111
  • Subdivision Name: Lakewood Village
  • Directions: From US-27N turn right onto E Jackson Ave then turn left to Toetary Rd. Take a right onto Ware Farms Rd. Stay on Ware Farms Rd and take a slight right onto Spruce Dr . Property is on Roght SOP
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Wooded
  • View: Water
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Other Structures: None
  • Waterfront Features:Lake3: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Waterfront2: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Spring City
  • High School: Rhea County
  • Middle Or Junior School: Spring City

Lot Info

  • Lot Size Sq Ft: 95832.0
  • Parcel #: 038F B 016.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 450.96
  • Tax Book Number: 430

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Jun 2, 2023
Sold by
Lora Kay Derr Revocable Trust
Bought by
Knudson Robert O and Gamble Katie M
Seller's Agent
Mark Dixon
Bender Realty
Buyer's Agent
A NON-MEMBER
--NON-MEMBER OFFICE--
List Price
$122,000
Sold Price
$132,000
Premium/Discount to List
$10,000
8.2%
Views
230
Current Estimated Value
$137,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,482
Avg. Annual Appreciation
1.60%
Original Mortgage
$92,000
Outstanding Balance
$85,835
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$51,647

Purchase Details

Closed on
Apr 11, 2011
Bought by
Derr Lora Kay Trustee

Purchase Details

Closed on
Feb 16, 2005
Bought by
Derr Lora K

Purchase Details

Closed on
Nov 6, 1962
Bought by
Rader Virgil R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Knudson Robert O $132,000 None Listed On Document
Derr Lora Kay Trustee -- --
Derr Lora K $25,000 --
Rader Virgil R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knudson Robert O $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2023 06/12/23 Sold $132,000 +8.2% --
04/25/2023 04/25/23 Pending -- -- --
09/26/2022 09/26/22 For Sale $122,000 -- --
Source: River Counties Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $354 $26,250 $0 $0
2024 $354 $26,250 $26,250 $0
2023 $451 $20,000 $20,000 $0
2022 $451 $20,000 $20,000 $0
2021 $451 $20,000 $20,000 $0
2020 $451 $20,000 $20,000 $0
2019 $451 $20,000 $20,000 $0
2018 $439 $20,000 $20,000 $0
2017 $439 $20,000 $20,000 $0
2016 $439 $20,000 $20,000 $0
2015 $419 $20,000 $20,000 $0
2014 $419 $20,000 $20,000 $0
2013 -- $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: River Counties Association of REALTORS®

MLS Number: 20227420

River Counties Association of REALTORS®

APN: 038F-B-016.00